Goldman Sachs leads GlobalData's M&A financial adviser

Goldman Sachs has secured the top position in the latest mergers and acquisitions (M&A) league table of the top 10 financial advisers for the oil & gas sector based on deal value for the first half (H1) of 2019, according to GlobalData, a leading data and analytics company.

The American multinational investment bank topped the rankings with a deal value of US$214.7bn, by advising on 13 deals during the period. Bank of America Merrill Lynch stood at second position with US$169.8bn earned on the strength of the same number of deals.

According to GlobalData, which tracks all M&A, private equity/venture capital and asset transaction activity around the world to compile the league tables, Citi occupied third place with 19 deals worth US$169.6bn.

Praveen Karnati, Financial Deals Analyst at GlobalData, says: “Goldman Sachs stood ahead of Bank of America and Citi in terms of transaction value in H1 2019. Overall, Goldman Sachs represented 12 companies that are on the sell-side, including Saudi Aramco’s agreement to acquire 70% stake in Saudi Industries from Public Investment Fund for US$73.4bn; and Occidental Petroleum’s agreement to acquire Anadarko Petroleum for US$57bn.”  

Global oil & gas deals market in H1 2019

The oil & gas sector saw an increase in deal value by over 40.30% from US$212.6bn in H1 2018 to US$298.2bn in H1 2019. However, deal volume declined by 17.3% from 1,273 to 1,053.

Goldman Sachs, which topped the sector table, also topped GlobalData’s recently released global league table of top 20 M&A financial advisers. Bank of America Merrill Lynch secured sixth position in the global list.

Vinson & Elkins leads top 10 M&A legal advisers list

Vinson & Elkins led the top 10 legal advisers table for H1 2019 with a total deal value of US$148.2bn on the strength of 33 deals. Second-ranked Wachtell, Lipton, Rosen & Katz advised on four deals worth US$111.5bn. Fried, Frank, Harris, Shriver & Jacobson came in a close third with US$107.0bn through three deals.

Top 10 leader Vinson & Elkins secured fourteenth position in GlobalData’s recently released global league table of top 20 M&A legal advisers. Wachtell, Lipton, Rosen & Katz topped the global list.